WePower News

TL;DR
According to our recent findings, the popular social network, Twitter, seems to have deleted quite a large number of fake cryptocurrency-related accounts.
During the past week, Binance has lost more than 3000 followers. ICOs such as WePower, NEO and Stratisplatform lost an even higher percentage of their followers.
It’s not clear if the deletion process is done or just begun.
Twitter recently deletes fake accounts
Twitter is one of the largest and most popular social networks today. It features millions upon millions of accounts and is quite popular among celebrities. However, Twitter is also a host to a major part of the crypto influencers’ community, which uses this platform for spreading information, analysis, events, and more.
According to recent research we’ve done, it appears that Twitter has deleted quite a lot of accounts. All of these accounts are considered to be fake ones, created for various purposes. However, what most of them have in common is the fact that they were following crypto exchanges and ICOs.
As an example, the data claims that Binance had lost over 3000 followers on Oct.30 and Nov. 1st. Binance is quite a popular exchange, and its Twitter account gains anywhere from 300 to 500 new followers on a daily basis.
Binance’s Twitter Followers over the past week. Source: SocialBlade
The main reason behind the clearance
While Binance is the account that lost a large number of followers, it is not the only one to experience such a drop. Similar incidents were noted in statistics of other crypto businesses, such as NEO, Ontology, WePower, Stratisplatform, and many others. The main question is why did this happen?
While this has yet to be confirmed, many believe that the reason behind the deletion is the fact that all of these accounts were created for participation in crypto airdrops and bounty campaigns. Participating can lead to getting to a portion of the project tokens in exchange for marketing actions such as likes and retweets on Twitter.
By having multiple accounts, especially with many followers (most of the projects don’t have the ability and will to check if the followers are real); those users can receive a more significant portion of the planned airdrop.
Twitter seemingly recognized the issue and decided to act. Most crypto-related businesses that lost followers experienced this throughout three days — between October 30th and November 1st.
As mentioned, Binance has lost over 3,000 followers between October 29th and November 1st (out of their total 880K followers). Stratisplatform lost over 850 accounts in three days (Oct. 29. - Oct 31.) out of 138K. Ontology lost only 240 accounts on October 30 and 31 and was left with 65K followers, while WePower lost the highest percentage: more than 800 fake accounts during the same period, and it currently has a total of 36K followers (2.2%).
It is possible that the move was not made as a response to a complaint, but is instead an attempt to clear the platform and prevent scams and other unethical activities. It will be interesting to see the coming up days; it might be that the clearance has just begun. There are still many crypto fake accounts left.
The post Crypto Clearance: Twitter Deletes Suspected Crypto-Related Accounts appeared first on CryptoPotato.

Blockchain startup WePower has announced its collaboration with Estonia-based Elering to tokenize the energy sector. The power digitization project will be put to the test for one year. The project will leverage blockchain technology hence disrupting the energy sector. Following the news of the collaboration, WPR coin surged by 20.81% to trade at $0.037722. The increase is significant given the stability in the crypto market where coins are registering slight price gains. (KE)

WePower (WPR), a blockchain-based green energy trading platform, has collaborated with Elering, Estonia’s energy transmission firm, to tokenize a year’s worth of the nation’s grid data, in a first of its kind operation for the country’s energy sector, according to a Green Tech Media report on October 29, 2018. WePower Revolutionizes Estonian Power Industry with DLT Per sources close to...Read...

Power has come a long way in a short time. Estonia’s Energy Grid has put one foot on the blockchain with WePower, an energy procurement and trading platform. Today the company announced the successful delivery of a nationwide pilot for energy tokenization.
The initiative will tokenize energy consumption and production data onto an Ethereum-based ledger, in order to facilitate more efficient trades. In partnership with Elering, a transmission system operator (TSO), WePower says that the pilot is “paving the way for the digital revolution of the energy sector.”
According to WePower’s initial results, 26,000 hours and 24TWh of energy consumption data has been successfully uploaded to the blockchain, for a total of 39 billion Smart Energy Tokens.
Estonia provided the ideal infrastructure for this type of testing, with 100% smart meter coverage and a data sharing platform called Estfeed. Estfeed enables consumers to download and share their data with any persons or companies whom they choose, as well as anonymous and aggregated data, such as that used for WePower’s pilot.
Although energy markets have traditionally relied on a few large providers, the advent of renewable energy has facilitated a more distributed system, “where energy buyers would not need to rely on one single source of electricity but could potentially pick and choose the producers that would fit their needs the best and transact with them directly,” WePower says in its Tokenization Executive Summary.
The summary continues:
Transactions in electricity markets are settled in hourly, 30 minutes or, in some markets soon, on a 5 min basis. This means that to process transactions between a single consumer and producer would create at least 8,760 data entries for a year and if you take a 10-year tenure of a standard PPA[Power Purchase Agreement] this would grow to 87,600 data entries at the point when the contracts are issued. In order for this system to reach meaningful scale, it needs to support thousands of buyers and hundreds of generators.
These complicated data requirements make a “perfect fit” for blockchain technology. “Projects of this scale and ambition haven’t been attempted before, in part because of the complexity involved, but also because energy data is highly sensitive,” CTO Kaspar Karleep said, in a statement. “Blockchain is the ideal enabler because its foundational principle is trust, which can be leveraged to bring revolutionary transparency to the industry.”
By reliably recording the minutiae of individual consumption or production, WePower says that the blockchain technology layer can reduce inefficiencies and ease the transition to green technologies.
“Future clean and secure energy will depend on innovative solutions and consumer empowerment. However, a major barrier in most countries is lack of access to energy data,” says Taavi Veskimägi, CEO of Elering. “Estfeed unlocks data access within Estonia and we are now working towards doing this on an international level. WePower’s proof of concept is important for showing how data access leads to innovation.”
Estonia has proved to be a welcoming haven for blockchain companies, and was named by Crypto Briefing as one of the top places to start a company for those involved in the industry.
It remains to be seen if blockchain technology can live up to its expectations in the energy industry. But at least the effort is tilting toward being more productive than quixotic...
The author is invested in Ethereum, which is mentioned in this article.
The post Estonia Energy Grid Goes On Blockchain With WePower appeared first on Crypto Briefing.

If you’re into buzzword bingo, blockchain will have been top of your list for a few years now. But has it got any real-world applications? There have been plenty of attempts to make it work in different industries, from mining to music. Now a green energy trading platform called WePower is trying to use blockchain

South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.
Also read: African Cryptocurrency Exchanges Forced to Step-Up Security
As Digital Payments Rise, Leading African Economies Trade Cautiously on Cryptocurrency
The report, released Oct.17, concluded that digital payments, including cryptocurrencies like bitcoin, have grown sharply all around the world, and “are experiencing a boom, driven by developing markets”, including Africa.
Ghana and Kenya, the 11th and 9th biggest economies in Africa, respectively, are still in the consultation phase. Nigeria, the continent’s biggest economy, with a GDP of $376 billion, is opposed to virtual currency, officials have said. The central banks of Kenya and Nigeria have both likened cryptocurrencies to a “pyramid scheme.”
“The central bank of Nigeria has also imposed a complete ban on bitcoin and the likes, while Brazil also has banned cryptocurrency,” said the report, which detailed that global cashless transactions rose 10.1 percent to 482.6 billion at the end of 2016. Non-cash transactions include checks, debit cards, credit card payments, credit transfers and direct debit transactions.
South Africa Leads in Crypto Regulation, Adoption and Development
Africa has steadily accelerated the switch to modern technologies. Cellphone-based payments have expanded particularly fast in countries like Kenya, Uganda and Zimbabwe. But it is South Africa, the continent’s most sophisticated economy, that leads the pack where cryptocurrency regulation, adoption and development is concerned.
The economy is home to a number of bitcoin ATMs and digital currency exchanges - including Luno, which has two million customers throughout the world - allowing people to buy and sell digital coins in the local fiat currency, rand. Domestic financial companies, including banks, are starting to step into the space. On Monday, Standard Bank said it is looking to establish a number of events to help explain the benefits and risks of cryptocurrency and the blockchain.
This is all thanks to the open-mindedness of the South African Reserve Bank (SARB). Although the regulator does not recognize cryptocurrency as legal tender, it has not prevented trade in such. In April, the bank announced plans to create guidelines for cryptocurrency markets in the country. SARB has also tested an inter-bank settlement system code named Project Kohka, which runs on the Ethereum blockchain, aiming to speed up payments.
Emerging Markets See Sharp Growth in Cashless Transactions
Meanwhile, the World Payments Report - based on data from the World Bank, the Bank for International Settlements and the European Central Bank’s statistical database - showed that developing markets are at the forefront of a global boom in digital payments, with Russia (annual growth of 36.5 percent), India (33.2 percent) and China (25.8 percent) as notable movers in the 2015-16 period.
Mature markets maintained steady growth of more than 7 percent in the period under review. Developing markets are seen growing 21.6 percent, led by Asia at 28.8 percent over the next five years. By 2021, developing markets are expected to account for around half of all non-cash transactions worldwide, overtaking the mature markets for the first time, whose current share stands at 66.3 percent.
Anirban Bose, CEO of Capgemini’s Financial Services, said it is critical for banks to find ways to tap into cryptocurrencies and other non-cash payment methods if they are to remain relevant.
“With their significant market share in the payments industry and implementation of new technologies, banks are in a unique position to shape the marketplace. They can also create new revenue streams through innovative, collaborative relationships with fintechs and active participation by the broader financial services community,” Bose said in a separate press release.
The report further indicated that high numbers of non-cash transactions can provide benefits to the society, addressing growing challenges of corruption - especially in Africa. This is because non-cash transactions share a positive linear correlation with corruption perception index.
This probably emanates from the fact that digital transactions from financial institutions and mobile money can be more easily traced than cash, hence can allow law enforcement agents to investigate and prosecute the suspicious transactions. The WPR report also noted that the more payments are shifted to cashless instruments, the more likely that huge cash transactions can be “flagged and investigated, reducing the possible means of accepting illicit or fraudulent payments.”
“Governments should create the necessary supply-side push for such transactions by cre

Reports have indicated that a majority of altcoins never stood the test of time. They bowed out the race following the loss of up to 90% they made during the bearish market. However, Odyssey(OCN) and WePower(WPR) proved the best altcoins for investors as they offer real-time value and have remained strong throughout the year. WePower is a green energy platform that uses blockchain tech. At the time of writing, the coin was up by 7% to trade at $0.026151 with a market cap of $12,529,235. Odyssey, on the other hand, has over time relied on three people, the service providers, reviewers, and customers for its success. At the time of writing it had gained 8% to trade at $0.008152. (VK)

A unique technical analysis tool called the Williams Percent Range (WPR) is sometimes used to determine whether or not an asset is displaying overbought or oversold conditions. When applied to bitcoin, the oscillator is suggesting that the cryptocurrency is “severely” oversold. Currently the WPR is around -83% and typically a WPR of -20indicates that an asset is oversold. Analysts believe that these oversold conditions could lead to a corrective rally in the future which could drive bitcoin price above $6,900. As bitcoin price tightens into a narrowing range, the cryptocurrency has also become more stable. August ranks as the most stable month since June 2017 as the cryptocurrency traded between $6,000 to $6,500. (RS)

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